2,162 Shares in Vulcan Materials Company $VMC Acquired by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in shares of Vulcan Materials Company (NYSE:VMC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,162 shares of the construction company’s stock, valued at approximately $617,000.

Several other large investors have also recently bought and sold shares of the company. NBT Bank N A NY acquired a new position in shares of Vulcan Materials in the 4th quarter valued at $26,000. Measured Wealth Private Client Group LLC acquired a new stake in Vulcan Materials during the 3rd quarter worth $30,000. Birchwood Financial Partners Inc. acquired a new stake in Vulcan Materials during the 4th quarter worth $29,000. Godsey & Gibb Inc. bought a new position in Vulcan Materials during the fourth quarter worth about $30,000. Finally, WPG Advisers LLC lifted its holdings in Vulcan Materials by 56.4% during the fourth quarter. WPG Advisers LLC now owns 122 shares of the construction company’s stock worth $35,000 after acquiring an additional 44 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on VMC. Oppenheimer initiated coverage on Vulcan Materials in a research report on Thursday, May 28th. They set a “market perform” rating on the stock. Stifel Nicolaus set a $333.00 target price on shares of Vulcan Materials in a report on Thursday, April 30th. Raymond James Financial set a $325.00 price target on shares of Vulcan Materials in a report on Thursday, April 30th. Citigroup dropped their price objective on shares of Vulcan Materials from $365.00 to $355.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $320.00 price objective (down from $335.00) on shares of Vulcan Materials in a research report on Wednesday, March 4th. Seven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $326.92.

Insider Activity at Vulcan Materials

In related news, SVP David P. Clement sold 2,212 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $292.29, for a total transaction of $646,545.48. Following the transaction, the senior vice president directly owned 8,716 shares in the company, valued at approximately $2,547,599.64. The trade was a 20.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.65% of the company’s stock.

Vulcan Materials Stock Up 0.7%

Vulcan Materials stock opened at $304.93 on Tuesday. The company has a current ratio of 2.59, a quick ratio of 1.89 and a debt-to-equity ratio of 0.51. Vulcan Materials Company has a 1-year low of $252.35 and a 1-year high of $331.09. The company has a fifty day simple moving average of $284.52 and a 200 day simple moving average of $290.32. The company has a market cap of $39.57 billion, a P/E ratio of 36.26, a price-to-earnings-growth ratio of 2.19 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.25. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the prior year, the business posted $1.00 EPS. The company’s quarterly revenue was up 7.4% on a year-over-year basis. Research analysts anticipate that Vulcan Materials Company will post 9.28 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were paid a dividend of $0.52 per share. The ex-dividend date was Friday, May 22nd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.7%. Vulcan Materials’s dividend payout ratio is currently 24.73%.

About Vulcan Materials

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.